$BTC CryptoLilyYing: After a volume breakout above 71,000 on 4.9 and a pullback for confirmation, Bitcoin's short-term trend remains bullish. Latest market analysis and trading suggestions

Family! Bitcoin is currently at 71,310, in the accelerated breakout phase of the oscillating upward channel. It is moving along the middle band of the Bollinger Bands upward, recently breaking through the psychological level of 71,000 with increased volume, reaching a new high of 76,000 before pulling back. It is now around 71,300, forming a secondary confirmation support. The Bollinger Bands are widening upward, with the upper band at 72,962 acting as short-term resistance, and the lower band at 67,070 serving as a strong support zone. The MA7 and MA30 are in a bullish alignment, indicating a strong medium-term trend. The MACD lines are running high, with the red histogram expanding, showing abundant momentum and that the bulls still dominate the market.

Currently, the price is in the upper half of the Bollinger Bands, close to the upper band resistance, but there is no divergence or volume stagnation indicating exhaustion, suggesting upward momentum is still intact. Although the MACD is at a high level, no dead cross has appeared between the lines, and the red histogram continues to grow, indicating strong bullish sentiment. Volume has modestly increased after breaking 71,000, showing continuous capital inflow and strong market buying interest. The MA120, as a long-term trend anchor, has been effectively stabilized, and the medium-term trend remains intact, confirming Lily Ying’s correct bullish outlook.

Short-term reference:

Long position strategy: 70,800-71,000, target 73,000 aiming for 73,500, stop loss 70,000

Short position strategy: 72,800-73,000, target 71,500 aiming for 71,000, stop loss 73,500

Lily Ying’s message: The crypto market is not short of opportunities; what’s missing is the eyes to see through the essence and the discipline to execute strictly. Stay calm, and you will smile last!

Risk warning: The above analysis by Lily Ying is based on real-time market data and is for reference only. It does not constitute investment advice. Trade at your own risk. ‌#加密市场回升